The interest rate landscape has experienced numerous changes over the past 12 months with different interest rates available for owner occupied loans and investment property loans. We now have access to and can assist investors to take advantage of lower owner occupied interest rates for their investment property loan.
Each lender has their own policy and criteria for working out your interest rate for the type of loan you are taking out and one lender has recently adjusted their criteria to now allow for investors to utilise the owner occupied interest rates as long as the loan is cross collateralised with an owner occupied loan.
This means that if you currently have a owner occupied loan in your name, you can take advantage of the lower owner occupied interest rate for your investment property loan, saving you a significant amount of interest on the life of your loan and giving you an edge over your competitors with a competitively priced property in the current market.